White House Announces Overtime Pay Rule

On Wednesday, May 18, 2016, the White House announced the new rule for overtime pay.

Under the rule proposed by the Department of Labor (DOL) last summer, management, administrative, and professional employees earning less than $47,476 will be eligible for overtime pay when they work more than 40 hours a week. That’s lower than the $50,400 salary threshold DOL originally proposed, but still double the current threshold of $23,660.